Citrix is considering finding a buyer for itself to rejuvenate its fortunes after a shaky 2021 in which its share price has fallen to levels not recorded since mid-2019.
The virtualisation and workplace collaboration software firm is working with advisers to consider the benefits and drawbacks of selling itself, according to Bloomberg, with plans to approach potential buyers within weeks.
A final decision hasn’t been made on whether to proceed with a sale, regardless of whether the company finds a buyer, however. Citrix might also yet remain a standalone firm.
The firm has, in recent months, struggled to capitalise on a catalogue of successes over the last couple of years, with share prices dropping sharply in April 2021. Citrix encountered supply chain issues in the first three months of the year, which led to the company missing its revenue targets.
These supply chain issues affected hardware shipments and the company also generated a lower-than-expected duration of on-premise…